In the landscape of energy transition, few elements have sparked as much intrigue and enthusiasm as hydrogen. The year 2023 has witnessed a surge in discussions surrounding hydrogen’s potential, often bordering on exaggerated zeal.
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Enagás, a key player in Spain’s energy landscape, is poised to become a linchpin in the development of this groundbreaking initiative that could redefine hydrogen transport across Europe. However, as the H2Med vision takes shape, it’s not without its share of challenges and skeptics.
Renewable energy giant Orsted and energy company Phillips 66 have jointly announced their decision to withdraw funding from the UK Government’s Hydrogen Business Model (HMB) process for their green hydrogen project Gigastack at Hornsea 2, the world’s largest wind farm. The HMB process aims to financially back the initial gigawatts of low-carbon hydrogen projects by 2025.
The spotlight is trained on sectors like steel, cement, and chemicals, as a new study commissioned by the EU Commission and conducted by Fraunhofer ISI delves into the ramifications of this industrial overhaul on the European energy system across multiple scenarios.
Around €90 million is set to be injected into green hydrogen projects, predominantly in Portugal’s Centre region. The announcement comes as FI Group Portugal unveiled its support for six applications submitted under the government’s initiative to subsidize green hydrogen production projects.
A cornerstone of the clean energy transition, green hydrogen holds the promise of replacing fossil fuels in industries spanning from chemical factories to power plants. However, this ambitious journey is not without its challenges, particularly in terms of cost. The energy giant RWE’s recent stance sheds light on the pivotal role subsidies play in accelerating the adoption of green hydrogen technology.
As the world grapples with the urgent need to transition towards sustainable energy sources, the spotlight shines brightly on green hydrogen as a potential game-changer.
Germany is poised to turbocharge its hydrogen market expansion. With an ambitious update to its National Hydrogen Strategy, the country is setting its sights on doubling its domestic electrolysis capacity by 2030, catapulting it to at least 10 gigawatts (GW).
Portuguese-based Fusion Fuel is once again taking the lead in the green hydrogen revolution, this time submitting three innovative projects to Spain’s H2 Pioneers II programme for crucial funding.
The green hydrogen landscape in the UK is set for a groundbreaking transformation as bp’s HyGreen Teesside project advances to the negotiation stage of the government’s progressive electrolytic hydrogen allocation round. With production slated to commence in 2026, this visionary project is poised to propel the nation’s ambitions for a sustainable energy future.
